BNY Mellon Careers
Principal, Compliance and Control
Responsible for handling the firm’s interactions with regulators as it relates to inquiries, examinations and Blue Sheet requests. This includes:
· Working as a team to research and coordinate exam requests and preparing responses;
· Leading efforts to manage the examination process;
· Overseeing the regulatory inquiry process by assigning inquires to other team members, tracking progress of all inquiries, and reviewing and editing responses to ensure accuracy and completeness;
· Researching and responding to complex inquires;
· Presenting significant items to senior management; and
· Monitoring the regulatory Blue Sheet submission process for accuracy, completeness and timeliness.
Responsible for assisting the business units by developing strategies to bring them into compliance with complex regulatory and policy requirements. Based on assessments of controls, advises business units on the implementation of improvements and the completion of appropriate documentation when control changes are made. Analyzes existing and proposed legislation, regulatory announcements and industry practices in order to lead the assigned businesses in developing and implementing procedures to meet existing and upcoming requirements. Contributes to the establishment of key risks indicators (KRIs) and tracking and reporting methodologies as part of a standard system of measurement and reporting. Contributes to the development of projects and programs to improve compliance and enhance the control environment. Analyzes control processes to ensure they are in compliance with all applicable laws, rules and regulations. Validates the appropriateness of control processes or contributes to the development of improvements. Guides the assigned business units in implementing improvements. Maintains strong working relationships with outside regulators, government officials and senior business unit managers in order to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Assesses the effectiveness of complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses. Prepares complex, comprehensive, risk based reviews of existing and emerging regulatory requirements and provides prompt, focused feedback to business management on concerning issues and control gaps. May contribute to the development of recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively. Contributes to the preparation of complex, time sensitive reporting and appropriately escalates issues to senior management. No direct reports; provides guidance to more junior team members and assigns tasks. Contributes to the achievement of team objectives. Modified based upon local regulations/requirements.
QualificationsBachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 10-12 years of total work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with the assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85162
Organization: Pershing Domestic-HR06431
Requisition Number: 1902313